The bond bubble has burst, but it remains to be seen how quickly the fallout may spread. The first stage of the sell-off has taken many global core government bond yields up to 0.50% to 1.25% higher.
2016 saw a number of pivotal moments, including; Brexit, the election of Donald Trump, huge flows of immigrants into Europe, and a surge in extremist political factions. The repercussions of these significant events and themes will affect markets during 2017.
European government bond yields have risen markedly since the beginning of fall 2016. But "this time, it's different," or at least it should be. Indeed, the landscape of the eurozone economy has dramatically changed since the 2010-2012 sovereign debt crisis.